Attorney General James disrupts the disruptors
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Unfortunately New York state laws do not run to forcing CEOs to clean gutters with their bare hands and distributing 99% of their net worth to their employees. But this is a good start.
New York Attorney General Letitia James today announced two landmark settlements totaling $328 million with rideshare companies Uber and Lyft for cheating drivers out of hundreds of millions of dollars. The settlements resolve multi-year investigations into Uber and Lyft, which found that the companies’ policies withheld hard-earned pay from drivers and prevented them from receiving valuable benefits available under New York labor laws. The settlements announced today will return $328 million in back pay to drivers and institute a minimum driver “earnings floor,” paid sick leave, proper hiring and earnings notices, and other improvements in drivers’ working conditions. Uber will pay $290 million and Lyft will pay $38 million into two separate settlement funds which will be entirely distributed to current and former drivers.
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